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/biz/ - Business & Finance

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54310783 No.54310783 [Reply] [Original]

> unironically just got a letter saying I am being audited by the IRS

I never reported anything crypto related on my taxes. I think I owe around 10k or so, may be more with penalties right?
realistically whats the worst that can happen? I cant actually go to prison right?

>> No.54310794

Just work out a payment plan with them they wont kill you

>> No.54310801

the worst that can happen is you'll a huge backpayment, with interest and penalties, and they will garnish your wages until you're 85 years old.

>> No.54310804

>>54310783
Enjoy jail.

>> No.54310841
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54310841

>>54310783
Brandon's agents will shoot you on sight.

>> No.54310856

>>54310794
I never reported anything on my returns so I could get hit with evasion which has minimum 5 years in federal prison

>> No.54311036

>>54310783
if I sold today I would only be claiming capital losses. kek. I will never break even.

>> No.54311066

>>54310856
well you're retarded

>> No.54311073

>>54310783
didn’t they send al capone to alcatraz for tax evasion? I guess you’re going to alcatraz.

>> No.54311074

Not my problem

>> No.54311103
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54311103

>>54310783
probably just a fine and back taxes. talk to a lawyer that specializes in audits before talking to the irs directly

>> No.54311130
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54311130

>>54310783
Spamming anonymous imageboard is part of the job for the new recruits huh..
https://www.theblaze.com/shows/the-glenn-beck-program/irs-goes-beast-mode

>> No.54311133

>>54311073
Went there about four years ago. It’s pretty nice. On the tour they showed off a secret room where the US kept guns and cannons in case ships tried attacking SF. It was neat